MADISON VOLUNTEER AMBULANCE CORPS (EIN 226083618) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

PATRICIA GABURO

Phone

9733772229

Tax Period

2023-01-01 to 2023-12-31

MADISON VOLUNTEER AMBULANCE CORPS, founded in 1954, is a small nonprofit that reported $253K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Net assets of $672K represent 32 months of operating reserves.

Mission

TO PROVIDE EMERGENCY MEDICAL SERVICES AND TRANSPORTATION TO THOSE IN NEED, PRIMARILY TO RESIDENTS OF THE BOROUGH OF MADISON AND ITS NEARBY COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $142,264

Program Service Revenue $0

Investment Income $111,011

Other Revenue $0

TOTAL REVENUE $253,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10,341

Program Expenses $228,370

Other Expenses $259,185

TOTAL EXPENSES $259,185

Year-over-Year Comparison

	2023	2022	Change
Revenue	$253,275	$167,533	+0.5%
Expenses	$259,185	$227,161	+0.1%
Net Income	$-5,910	$-59,628	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE FASTIGGI	TREASURER	N/A	Officer	$0	$0	$0
PATRICIA GABURO	PRESIDENT	N/A	Officer	$0	$0	$0
NANCY NAPOLITANO	RECORDING SE	N/A	Officer	$0	$0	$0
VICTOR SCHUMACHER	VICE-PRESIDE	N/A	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$253,275	$259,185	$774,635	$-5,910
2022	$167,533	$227,161	$830,895	$-59,628
2021	$224,362	$159,290	$737,223	$65,072
2020	$229,707	$150,617	$672,151	$79,090
2019	$207,558	$178,880	$593,061	$28,678
2018	$186,568	$237,930	$613,436	$-51,362

MADISON VOLUNTEER AMBULANCE CORPS